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Paramount Wins WBD Bid, CNN Braces for Uncertain Future
media1 day ago

Paramount Wins WBD Bid, CNN Braces for Uncertain Future

Paramount Global emerged as the winner in a roughly $110 billion bid to acquire Warner Bros. Discovery, a deal that sparks anxiety at CNN about its future under new ownership. With Paramount declining to comment on CNN’s fate and no firm commitments from the buyer, staff fear potential shifts in editorial direction and cost-cutting, exacerbated by political pressures tied to the Ellison family’s ties to Donald Trump, as regulators and deal terms remain to be negotiated.

via Deadline|
#cnn#media#media-industry
Paramount Skydance Leaders Dodge Warner Bros. Bid Talk During Q4 Earnings
business2 days ago

Paramount Skydance Leaders Dodge Warner Bros. Bid Talk During Q4 Earnings

Paramount, now led by Skydance’s David Ellison and Paramount president Jeff Shell, reported a Q4 2025 showing declines in linear ad sales but momentum for Paramount+ and Pluto TV, and the executives avoided discussing Paramount’s bid for Warner Bros. Discovery. Ellison acknowledged the film slate underperformed in 2025 and outlined a rebuild plan that includes more theatrical releases in 2026 (16) and a significant expansion of engineering talent to accelerate tech-driven improvements. Shell stressed CBS’s pivotal role in NFL distribution and expressed confidence in the growth of the FAST/Pluto TV strategy despite monetization headwinds, with cost discipline and licensing deals expected to lift profitability as the studio rebuilds and negotiates future rights.

via Variety|
#business#nfl-rights#paramount-global
WBD Reconsiders Paramount Offer Amid Netflix Deal Hold
business4 days ago

WBD Reconsiders Paramount Offer Amid Netflix Deal Hold

Warner Bros. Discovery says it is reviewing a sweetened Paramount bid after a seven-day waiver, with details of Paramount’s revised proposal not publicly disclosed. Netflix’s all-cash deal to acquire WBD’s studio and HBO remains in effect, and the board continues to recommend it. Paramount’s revised PSKY bid could pressure Netflix to respond by matching, though any match may differ since Netflix would only be acquiring the film studio and HBO assets. A Netflix vote is set for March 20, and WBD will update shareholders after the board’s review.

via The Hollywood Reporter|
#business#manda-negotiations#netflix-deal
WBD Reassesses Paramount's Revised Bid as Netflix Deal Persists
business4 days ago

WBD Reassesses Paramount's Revised Bid as Netflix Deal Persists

Warner Bros. Discovery said it is reviewing Paramount’s revised cash takeover proposal with its financial and legal advisers, but disclosed no terms. Paramount has kept its prior tender as a placeholder and said any WBD deal would require a “Company Superior Proposal” under its Netflix merger agreement, with Netflix’s bid remaining in effect and a March 20 stockholder vote on the Netflix deal still on the calendar.

via Deadline|
#business#mergers-and-acquisitions#netflix
WBD Stock Surges as Paramount’s Bid Drama Keeps Investors Watching
business5 days ago

WBD Stock Surges as Paramount’s Bid Drama Keeps Investors Watching

Warner Bros. Discovery shares rose as investors weigh Paramount’s escalating cash bid for WBD against Netflix’s competing offer, with Paramount’s $30-a-share bid aimed at derailing Netflix’s $27.75-a-share offer and a potential Discovery Global spin-off, plus a March 20 shareholder vote on the Netflix deal amid a broader market decline.

via Deadline|
#business#mergers-and-acquisitions#netflix
Paramount’s High-Stakes Push for Warner Bros. Sparks Proxy Fight
business1 month ago

Paramount’s High-Stakes Push for Warner Bros. Sparks Proxy Fight

Paramount has sued Warner Bros. Discovery and threatened a proxy fight to push WBD to engage with Paramount’s bid to take Warner Bros. away from Netflix. Backed by billionaire Larry Ellison, the move signals a potential, highly public and costly battle that could reshape the three-way deal dynamics. With WBD’s annual meeting looming in weeks, the outcome hinges on whether WBD will engage or be compelled to disclose information that could sway investors and executives.

via The Hollywood Reporter|
#business#larry-ellison#netflix
business7 months ago

FCC Approves Paramount and Skydance Merger Amid Regulatory and Political Developments

Paramount Global Co-CEO Chris McCarthy is set to leave the company following the FCC's approval of the Skydance Media merger, with the deal expected to close soon. McCarthy, who oversaw Showtime, MTV Entertainment, and Paramount Media Networks, will depart as part of the leadership restructuring post-merger, which will see David Ellison of Skydance become CEO of the new entity, Paramount Skydance Corp. The future leadership of Paramount's streaming division remains uncertain.

via Variety|
#business#chris-mccarthy#leadership-change
business8 months ago

Trump and Paramount Engage in Settlement Talks Over ’60 Minutes’ Lawsuit

President Trump and Paramount Global are engaged in active settlement negotiations over a lawsuit he filed regarding a '60 Minutes' interview with Kamala Harris, which Trump claims was heavily tampered with to influence the 2024 election. The parties are currently mediating, with Paramount having previously offered $15 million to settle the case, and the lawsuit also involves ongoing regulatory review by the FCC.

via The Hollywood Reporter|
#60-minutes#business#lawsuit
business1 year ago

Paramount Gains 3.5M Streaming Subs Despite Revenue Dip

Paramount Global reported a mixed financial performance for Q3, with a 6% decline in overall revenue to $6.73 billion, despite adding 3.5 million subscribers to its streaming service Paramount+. The direct-to-consumer segment saw a 10% revenue increase, contributing to a $49 million profit, while TV and film revenues fell. Paramount is undergoing significant changes, including a merger with Skydance Media and cost-cutting measures aimed at saving $500 million annually. The company is also dealing with challenges in its traditional TV segment due to declining cable network values.

via Deadline|
#business#cost-reduction#financial-results
Mario Gabelli Eyes Paramount-Skydance Deal Amid Logo Criticism
business1 year ago

Mario Gabelli Eyes Paramount-Skydance Deal Amid Logo Criticism

Fund manager Mario Gabelli, a major Paramount Global shareholder, is seeking detailed records of the $2.4 billion Skydance-Paramount deal to understand the payout to Shari Redstone and its implications for other shareholders. Gabelli is concerned about the fairness of the terms, which require Class A shareholders to tender their shares for $23 each or exchange them for Class B non-voting stock. While he has no immediate plans to sue, he emphasizes the need for transparency before making any decisions.

via Deadline|
#business#mario-gabelli#national-amusements
"Paramount Faces Uncertainty with Job Cuts and Skydance Merger Doubts"
business1 year ago

"Paramount Faces Uncertainty with Job Cuts and Skydance Merger Doubts"

Paramount Global shares fell nearly 5% after the company's annual meeting, where executives announced a $500 million cost-cutting plan and the search for a strategic partner for its streaming service, Paramount+. Hopes for a merger with Skydance Media dimmed as controlling shareholder Shari Redstone appeared to waver on the deal, considering other offers. The company's direct-to-consumer business, including Paramount+, is expected to lose $1.3 billion in 2024, prompting the need for a turnaround plan.

via New York Post |
#business#cost-cutting#merger
"Paramount Delays Town Hall Amid Job Cuts and Strategic Shifts"
business1 year ago

"Paramount Delays Town Hall Amid Job Cuts and Strategic Shifts"

Paramount Global has delayed its employee town hall to June 25 to address ongoing merger speculation with Skydance. CEOs George Cheeks, Chris McCarthy, and Brian Robbins aim to provide more transparency following a shareholder meeting that focused on cost-cutting and streaming revenue strategies. The delay comes as controlling shareholder Shari Redstone considers a revised $4.75 billion merger offer from Skydance, which has affected Paramount's stock value.

via Deadline|
#business#merger#paramount-global